Bank? so i can get credit? in cryptocyrrency?
Yup! We're creating a price-stable cryptocurrency called the boreal. Boreals are backed up by debt from loans, ether reserves and acceptance at retailers (starting with IDEX) at the target value regardless of the market rate. The various tools backing boreals will ensure it stays price-stable at the target value. Users will be able to come to the bank and get loans in boreals with interest rates based on their blockchain based credit score. Our goal is to bring decentralized banking to all corners of the world.
Hi everyone. Does anybody know what commissions will IDEX charge from the users?
0.1% fee for makers and 0.2% fee to takers. Takers also pay the gas fees.
As far as I understand, IDEX will be based on Ethereum technological solutions. In what way will it be unique?
Check out the diagram in our ANN thread. Unlike other ethereum based decentralized exchanges IDEX is a hybrid model that combines the best of both worlds in the form of real time trading (like Binance or Bitfinex) with blockchain custody and settlement of funds (like etherdelta). This means it is as safe as etherdelta with the speed and UX of Binance.